Shaw University Savings Calculator - Plan Your College Fund
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Balance and Expenses by Years
Total Costs by Child
Planning to save for Shaw University? Our Shaw University savings calculator helps you determine exactly how much you need to save monthly to cover college costs. With current tuition rates of $17,176 for in-state students and $17,176 for out-of-state students, plus a 30.5% admission rate, strategic financial planning is essential for your Shaw University college fund.
About Shaw University
Shaw University is a highly selective institution with 839 students. The college maintains high academic standards with average SAT scores of N/A and ACT scores of N/A. Understanding these costs upfront allows families to create an effective savings strategy for their Shaw University education fund.
Current Shaw University Costs
- In-State Tuition: $17,176 per year
- Out-of-State Tuition: $17,176 per year
- Total Students: 839
- Admission Rate: 30.5%
Use our calculator above to determine your personalized savings plan for Shaw University.
Smart Savings Strategies for Shaw University
Given the moderate cost tuition costs at Shaw University, early planning is crucial. Consider these approaches:
1. Start Early
Begin saving when your child is young to take advantage of compound interest
2. 529 Plans
Tax-advantaged education savings accounts are ideal for Shaw University planning
3. Automatic Savings
Set up monthly transfers to consistently build your Shaw University fund
4. Investment Growth
With Shaw University's tuition costs, consider growth-oriented investments for long-term savings
Shaw University Graduate Outcomes
- Median Earnings (10 years): $34,409
- Loan Repayment Rate: 1925.0
- Value Rating: Fair
These outcomes show concerning return on investment, making your Shaw University savings strategy less compelling from a financial perspective.
Frequently Asked Questions
Shaw University costs $17,176 per year for in-state students and $17,176 for out-of-state students. These figures represent tuition only and don't include room, board, and other expenses.
The best time to start saving for Shaw University is as early as possible. Even small monthly contributions can grow significantly over time, especially given the $17,176 annual cost. Starting when your child is born gives you 18 years to save.
Shaw University has a 30.5% admission rate, making it highly competitive. With 839 total students and average test scores of N/A SAT and N/A ACT, preparation and planning are important.
Shaw University graduates earn a median salary of $34,409 ten years after graduation, with a 1925.0 loan repayment rate. This represents concerning value given the $17,176 tuition cost.
Use our Shaw University savings calculator above to determine your monthly savings goal. The amount depends on your child's current age, expected tuition increases, and investment returns. For current $17,176 costs, earlier planning reduces monthly requirements.
Saving $100 monthly for 18 years at 7% return will give you $43,072. This falls short of the estimated $74,031 total cost by $30,959. To fully fund college, you'd need to save at least $172 monthly.
Saving $250 monthly for 18 years at 7% return will give you $107,680. This covers the estimated $74,031 total cost for 4 years at Shaw University with $33,650 extra for additional expenses.
Saving $500 monthly for 18 years at 7% return will give you $215,361. This covers the estimated $74,031 total cost for 4 years at Shaw University with $141,330 extra for additional expenses.
Saving $1000 monthly for 18 years at 7% return will give you $430,721. This covers the estimated $74,031 total cost for 4 years at Shaw University with $356,690 extra for additional expenses.
Saving $2500 monthly for 18 years at 7% return will give you $1,076,803. This covers the estimated $74,031 total cost for 4 years at Shaw University with $1,002,772 extra for additional expenses.